Approval of Unaudited Standalone and Consolidated Financial Results for the quarter ended December 31, 2025
ORIENTTECH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Orient Technologies Limited reported weak Q3 FY26 (quarter ended Dec 31, 2025) standalone results, with revenue from operations falling to Rs 19,823 lakhs from Rs 27,280 lakhs in Q2 FY26 and Rs 20,686 lakhs in Q3 FY25, marking a sharp quarter-on-quarter decline of about 27% and a year-on-year dip of 4%. The company swung to a standalone loss after tax of Rs 1,495 lakhs (vs profit of Rs 1,266 lakhs in Q3 FY25), heavily impacted by a one-time exceptional charge of Rs 1,924 lakhs related to Labour Code compliance costs and write-off of unrecoverable costs after losing a major customer. For the nine-month period, revenue grew about 18% year-on-year to Rs 68,360 lakhs, but profit after tax fell sharply to Rs 924 lakhs from Rs 3,700 lakhs. On the consolidated basis, Q3 revenue was Rs 20,010 lakhs with a loss of Rs 1,464 lakhs. The board also approved a postal ballot to extend the timeline for utilizing IPO proceeds to March 31, 2027 (Rs 6,124 lakhs remains unutilized), accepted the resignation of CEO Shrihari Bhat effective April 29, 2026, and appointed Ms. Renuka Patel as Interim Company Secretary.
Shareholders should note a disappointing quarter with a swing to losses, though the bulk of the hit is a one-time exceptional charge — underlying profit before exceptional items was a small loss of Rs 141 lakhs, still showing margin pressure. The CEO exit, customer loss, and slow pace of IPO fund deployment (about 57% utilized after 16 months) may weigh on sentiment in the near term.